AML Policy
Last updated: January 8, 2026
Introduction
CryptoPay is committed to preventing money laundering, terrorist financing, and other financial crimes. This Anti-Money Laundering (AML) Policy outlines our procedures and controls designed to detect, prevent, and report suspicious activities in accordance with applicable laws and regulations.
We maintain a zero-tolerance policy towards money laundering and terrorist financing. All employees, contractors, and business partners are required to comply with this policy and applicable AML laws.
Customer Due Diligence (CDD)
We conduct thorough customer due diligence to verify the identity of our customers and assess the risk associated with their activities. Our CDD procedures include:
Transaction Monitoring
We employ automated and manual transaction monitoring systems to detect unusual or suspicious patterns. Our monitoring includes:
Suspicious Activity Reporting
When we identify suspicious activities, we are required by law to file Suspicious Activity Reports (SARs) with the appropriate regulatory authorities. We will:
Sanctions Screening
We screen all customers and transactions against international sanctions lists, including those maintained by the United Nations, European Union, and United States Office of Foreign Assets Control (OFAC). We will not provide services to:
Record Keeping
We maintain comprehensive records of all customer identification documents, transaction records, and AML compliance activities. These records are retained for a minimum of five years as required by law and are made available to regulatory authorities upon request.
Training and Awareness
All employees receive regular AML training to ensure they understand their responsibilities and can identify potential suspicious activities. Our training program covers:
Compliance Officer
We have designated a Compliance Officer responsible for overseeing our AML program, ensuring compliance with all applicable laws and regulations, and serving as the point of contact for regulatory inquiries.
Cooperation with Authorities
We fully cooperate with law enforcement agencies, regulatory authorities, and financial intelligence units in their efforts to combat money laundering and terrorist financing. We provide information and assistance as required by law while maintaining appropriate confidentiality.
Contact Information
For questions or concerns regarding our AML Policy, please contact our Compliance Officer:
Kalispell Montana 59901
CryptoPay is committed to maintaining the highest standards of compliance and preventing financial crime.